Indicators in the US Chamber’s State of American Business Data Center show American businesses have surpassed pre-pandemic economic benchmarks and continue to drive innovation and make meaningful investments.
The big picture:
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The shrinking workforce and low worker shortage index indicate a pressing need for solutions to address the labor shortage.
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The IPO market is experiencing a decline which indicates a potential lack of innovation and capital accessibility in the economy.
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Spending continues to surpass inflation, with retail sales rising by 0.3% in November 2023. Padded savings and increased credit card debt have helped consumers keep up with inflation, but this trend may not last indefinitely.
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Global supply chain pressure has decreased since the pandemic, now near pre-pandemic levels, providing crucial support to reduce inflation.
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Crude oil prices have begun to trend downward, providing relief to businesses and consumers.
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Despite hurdles in the economic and regulatory environment, American businesses continue to invest in improvements that build healthy communities.
Go deeper: Learn more from the State of American Business Data Center.
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